Chalet Hotels Limited — QIP/Rights/Pref., 25-03-2025: Allotment of Securities

Chalet Hotels Limited has announced a board meeting to approve the allotment of 7,500 Non-Convertible Debentures (NCDs) on a private placement basis, raising Rs. 75.08 crore. The NCDs, with a fixed coupon rate of 8.35% and a maturity period extending to March 2028, are secured against the JW Sahar Marriott property. Rating agency CRISIL has assigned a stable outlook with a CRISIL AA- rating. This issuance enhances liquidity and strategic funding for future projects, potentially boosting investor confidence, given the secure backing and favorable rating.